Simpson Thacher Represents Cognita in Relation to its £280 Million Senior Secured Notes Offering and Revolving Credit Facility
08.07.15
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Simpson Thacher represented a finance subsidiary of Cognita in connection with a Rule 144A and Regulation S offering of £280 million in aggregate principal amount of its Senior Secured Notes due 2021. The Firm also represented a subsidiary of Cognita in connection with its entry into a new £60 million Revolving Credit Facility. The transaction closed on August 7, 2015. Cognita used the net proceeds from this offering to refinance certain of its outstanding indebtedness and to pay costs related to the termination of existing interest rate swaps.
Cognita is a leading global operator of private-pay K-12 schools. As of May 31, 2015, it operated 66 schools across Asia, Europe and Latin America.
The Simpson Thacher team included Greg Conway, Nick Shaw, Carol Daniel, Sven-Frode Frolund, Adam Wollstein and Aled Knights (Capital Markets); Shahpur Kabraji and Eamon Chawke (Credit); and Meredith Jones and David Holmberg (Tax).